Question
QUESTION 1 A) As a macroeconomic advisor to the ministry of economic planning of a country. You were tasked to present, to the departmental staff,
QUESTION 1 A) As a macroeconomic advisor to the ministry of economic planning of a country. You were tasked to present, to the departmental staff, on how to stimulate the economy and ensure sustainable growth.
List at least three (3) sources of positive economic growth in an economy and discuss how these sources affect aggregate supply within the AD/AS model. In the discussion, pay particular attention to national output, unemployment and inflation. Your discussion must be illustrated by the AD/AS model. [15 marks] [N.B: Mark distribution can be as follows: 1 mark for each of the 3sources of growth; 3 marks for the correct graph; and 3 marks for explaining the effect of each of three sources of growth on GDP, unemployment and Inflation]
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